Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 3rd, 2021


For the day ahead

Litecoin would need to move back through the $184 pivot to bring the first major resistance level at $188 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $185.00 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $188.00 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $195 before any pullback. The second major resistance level at sits $192.

Failure to move back through the $184 pivot would bring the first major support level at $179 and the 23.6% FIB of $178 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $175.

Looking at the Technical Indicators

First Major Support Level: $179

Pivot Level: $184

First Major Resistance Level: $188

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 1.35% on Thursday. Following a 4.33% gain on Wednesday, Ripple’s XRP ended the day at $1.25431.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.22296 before making a move.

Steering clear of the first major support level at $1.1864, Ripple’s XRP rallied to a mid-day intraday high $1.29500.

Ripple’s XRP broke through the first major resistance level at $1.2625 and the second major resistance level at $1.2873.

Coming up against resistance at $1.30, however, Ripple’s XRP fell back through the second major resistance level to end the day at sub-$1.26.

At the time of writing, Ripple’s XRP was down by 0.34% to $1.25000. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.26252 before falling to a low $1.25000.

Ripple’s XRP left the major support and resistance levels untested early on.



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